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Cable Update (GBPUSD)

  • #111,681
  • Jan 15, 2009 4:58am Jan 15, 2009 4:58am
Sorry for the delay
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  • #111,682
  • Jan 15, 2009 5:29am Jan 15, 2009 5:29am
Quoting Abuawad
Sorry for the delay
I am still learning, and you daily tables are very impressive.
If I would like to follow your suggestions, I would place Buy order above 4625 and Sell below 4585 with according TP. In that case SL will be 4585 for Buy and 4625 for Sell. Is my interpretation correct?
  • #111,683
  • Jan 15, 2009 5:56am Jan 15, 2009 5:56am
Quoting Komissar
I am still learning, and you daily tables are very impressive.
If I would like to follow your suggestions, I would place Buy order above 4625 and Sell below 4585 with according TP. In that case SL will be 4585 for Buy and 4625 for Sell. Is my interpretation correct?
Correct but not placing orders, make sure that 4H candle is closed above the up lines or bellow the down lines.
  • #111,684
  • Jan 15, 2009 5:58am Jan 15, 2009 5:58am
Quoting Abuawad
Correct but not placing orders, make sure that 4H candle is closed above the up lines or bellow the down lines.
Sure, I got it.
Thanks a lot, man.
  • #111,685
  • Jan 15, 2009 6:58am Jan 15, 2009 6:58am
EDIT: Wrong Page
  • #111,686
  • Jan 15, 2009 6:59am Jan 15, 2009 6:59am
nice username mate
  • #111,687
  • Jan 15, 2009 7:22am Jan 15, 2009 7:22am
hey everyone, support seems to be very strong for cable at this price point i thought it might tumble a little as the dollar strengthened and the euro weekend but it seems to have held its ground a good cause for going long in my opinion
  • #111,688
  • Jan 15, 2009 7:43am Jan 15, 2009 7:43am
Quoting PipLand
hey everyone, support seems to be very strong for cable at this price point i thought it might tumble a little as the dollar strengthened and the euro weekend but it seems to have held its ground a good cause for going long in my opinion
WHY so sure it will going north?
  • #111,689
  • Jan 15, 2009 7:49am Jan 15, 2009 7:49am
hmmm market reaction
  • #111,690
  • Jan 15, 2009 7:51am Jan 15, 2009 7:51am
Quoting dashboard
WHY so sure it will going north?
1) Price action near trendline,

2) trendline support holding even when dollar was strengthening strongly.

3) Possible inverse H&S on 4hr

4) Previous bullish divergences on 1hr

5) support broken on EG
  • #111,691
  • Jan 15, 2009 7:51am Jan 15, 2009 7:51am
yes she will

Quoting dashboard
WHY so sure it will going north?
  • #111,692
  • Jan 15, 2009 7:53am Jan 15, 2009 7:53am
Quoting PipLand
1) Price action near trendline,

2) trendline support holding even when dollar was strengthening strongly.

3) Possible inverse H&S on 4hr

4) Previous bullish divergences on 1hr

5) support broken on EG
OK Good Luck!... But I am shorting now at 4663...
  • #111,693
  • Jan 15, 2009 7:55am Jan 15, 2009 7:55am
Quoting blurrcow
OK Good Luck!... But I am shorting now at 4663...
thats a good place to short from i would put SL past 4670
  • #111,694
  • Jan 15, 2009 7:58am Jan 15, 2009 7:58am
Quoting PipLand
thats a good place to short from i would put SL past 4670
Yes... SL at 4714... we know from earlier that there is a huge resistance at around 4700... so if it breaks that then I am out...
  • #111,695
  • Jan 15, 2009 8:01am Jan 15, 2009 8:01am
Quoting blurrcow
Yes... SL at 4714... we know from earlier that there is a huge resistance at around 4700... so if it breaks that then I am out...
yep, good luck with that it could work out nice,
Im looking for 4735 before i think about shorting this at the moment
  • #111,696
  • Jan 15, 2009 8:06am Jan 15, 2009 8:06am
Quoting PipLand
yep, good luck with that it could work out nice,
Im looking for 4735 before i think about shorting this at the moment
I'll be looking there as well, maybe higher though like 483x. We have to break 4710x. If she breaks this area hard, we flying past 4735, but I will be watching to see how price reacts at that level.

Trade well!
EO
Just digging in the trenches like everyone else!
  • #111,697
  • Jan 15, 2009 8:07am Jan 15, 2009 8:07am
Quoting PipLand
yep, good luck with that it could work out nice,
Im looking for 4735 before i think about shorting this at the moment
hmmm... thanks .. that gives me a good idea when to re-enter if my SL at 4714 is hit...
  • #111,698
  • Jan 15, 2009 8:11am Jan 15, 2009 8:11am
Quoting eohater
I'll be looking there as well, maybe higher though like 483x. We have to break 4710x. If she breaks this area hard, we flying past 4735, but I will be watching to see how price reacts at that level.

Trade well!
EO
cool! on my chart 4735 forms the top of a channel and also a previous fib level, if we go past that then i also see 483x which would be sweet i may take some profit before then though will see how it goes
  • #111,699
  • Jan 15, 2009 8:12am Jan 15, 2009 8:12am
Quoting blurrcow
hmmm... thanks .. that gives me a good idea when to re-enter if my SL at 4714 is hit...
yeah and what EO said as well if we go past that then next stop 483x I have that on my chart as well it is possible
  • #111,700
  • Jan 15, 2009 8:14am Jan 15, 2009 8:14am
EU is testing a major resistence line too if it breaks then higher for GU in my opinion
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